Oil drops second day as surging coronavirus cases prompt demand worries


TOKYO (Reuters) - Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens. Brent crude dropped 23 cents, or 0.6%, to $41.03 per barrel by 0048 GMT.

West Texas Intermediate fell 26 cents, or 0.7%, to $39.29. The benchmarks fell more than 3% on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months. "It is important to keep in mind that moves to the downside have the potential to be supersized,".....

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